CDPQ becomes 20% owner in Edelweiss ARC

Caisse de depôt et placement du Quebec (CDPQ) is one of North America's largest pension fund managers

CDPQ Private Equity Asia , part of Canada''s pension fund CDPQ,  has become one of the sponsors of  Edelweiss Asset Reconstruction Company Limited (EARC), with 20 per cent of equity share capital of the company , Edelweiss said today.

This is post the conversion of 33.2 million compulsorily convertible preference shares  (CCPS) held by CDPQ into 52.6million equity shares of Rs. 10 each of the company, valued at of ~Rs. 97.25 each, on receipt of approval from RBI, it said 
 

R. K. Bansal, MD & CEO of Edelweiss ARC, said: “CDPQ has been a long- term partner in Edelweiss ARC and